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$199,650

NAL Estimated Property Value

605 N Jefferson Street, Pilot Point, TX, 76258

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,120 Sq Ft
price_per_sqft$151.79 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Electric Water Heater
FlooringVinyl, Wood

Exterior

Lot Size20,299 sqft

Building Information

Year Built1940
Stories1
Roof Type105

Land Information

APNR275011
Lot Number1
SubdivisionBinnion Addn
Land UseResidential
Legal DescriptionBINNION ADDN BLK A LOT 1
Census Tract020118
Assessed Land Value$95,005
Assessed Improvement Value$108,900
Assessment Year2025

About this property

Cute 2 bedroom, 2 bath HOME on a large city lot! Almost a HALF ACRE lot .466! Pride of ownership shows in this COZY home that still has some OLD character to it! KITCHEN is spacious with lots of CABINETS and a built in wall cabinet with glass! Old WOOD floors! Enjoy RELAXING on the front COVERED porch or the COVERED patio ENTERTAINING with FAMILY and FRIENDS! Huge SHADE tree! Plenty of room to roam, park a Boat, a RV, or build a workshop! Make this HOME yours! Only minutes from Lake Ray Roberts and the State Park! Walking distance to downtown Pilot Point, and all the local shops and businesses!

Investor Tools

Property Icon
$199,650
Estimated Property Value
$157,831Estimated Mortgage Balance
$41,819Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,198 /month
Positive
Cash Flow Estimate:
$399 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$269/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,232
$199,650
2025
$95,005
$108,900
$203,905
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,232
$199,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Housing Corporati
Purchase Money Mortgage
$8,342
No
First
Mar 25, 2021
Mar 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,831
$41,819
20%
79%
$1,052/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,052/mo
+$513/mo
9.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Pilot Point

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